Reliance's Jio Platforms files DRHP for proposed IPO

Ipo Quality AnchorCapital Market Events View source PDF Explain this filing

RELIANCE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.5%Reaction day

₹1331.70

prior close

₹1332.10

announcement price

In-mkt

timing

Nifty 100market-0.6%-0.9% vs market

Refineries & Marketing peers, median of 12sector-2.3%+0.8% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty 100 and 0.8 pts more than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.4

10m

-1.5

15m

-1.6

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5-0.6-0.9-2.3+0.8

Next day

-0.5-0.1-0.4-1.2+0.6

-1.9-1.3-0.6-1.3-0.7

-1.4-0.6-0.7+0.3-1.6

-1.1-0.5-0.7-1.5+0.4

-2.4-1.0-1.4-3.7+1.4

-1.9-0.7-1.2-3.4+1.6

15d

-2.7+0.0-2.7-3.6+1.0

-0.7+0.2-0.9-1.1+0.4

-1.6+0.0-1.6-3.0+1.4

-6.4-2.7-3.7-5.1-1.3

UpDownMarket · Nifty 100Sector · Refineries & Marketing peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Reliance Industries' material subsidiary Jio Platforms has approved its Draft Red Herring Prospectus for a proposed IPO. The offer is a fresh issue of up to 27 crore equity shares of Rs. 10 face value, priced via book building under SEBI rules. The IPO is subject to regulatory approvals. Jio Platforms houses Reliance's digital and telecom businesses.

Likely market impact

A Jio Platforms listing could unlock standalone value for the digital business and create long-term value for Reliance shareholders.